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2min chapter
Byrne Hobart: Why Airline Loyalty Programs Are Really Just FinTech Companies
"World of DaaS"
Introduction
Burn hobart is the author of diff, a substack news letter covering inflection points in finance and technology. He says airline loyalty programs have a higher valuation than the airlines themselves. Burn: "The entire business of actually flying people really fast from place to place ... that actually has negative value"
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